Elon Musk to ban remote work for Twitter employees

Elon Musk plans to cut about 3,700 jobs at Twitter Inc. which is half of all the company’s employees at the moment. In this way, the billionaire wants to resuscitate the financial situation after, in his opinion, inflated costs of acquiring the social network. Musk also intends to cancel the company’s current corporate policy on remote work — now the platform’s employees have to visit the office and report on the fulfillment of their tasks.

Musk and his team of personal consultants have been weighing the prospects for a number of job-cutting scenarios. According to one of them, the dismissed employees will be offered 60 working days' severance pay (or two months' salary). However, Twitter’s chief accountant, Robert Kayden, was also fired, so the issue of severance remains in limbo.

Even before the acquisition of Twitter, Musk began to hint at his personnel priorities on the platform. The Tesla owner stated that he is interested in staff that can focus exclusively on the main product of the corporation. «Software development, server operations, and design will be the main focus of Twitter,» he said in early October.

Earlier, we reported that Twitter would introduce paid videos. The social network’s developers are working on a feature that will allow bloggers to publish videos and charge users for viewing ($ 1, $ 2, $ 5 or $ 10), while the company will also receive a portion of the profits as a commission.